VW to expand production in electric auto offensive

VW has also confirmed that it will add more electrified vehicles to its portfolio this year.

Last year, the company said it will be spending over 50 billion euros on battery technology. Volkswagen is targeting annual production of 3 million electric vehicles by 2025.

So far, Volkswagen's battery play includes partners in Europe and China, where the company sells roughly 80 percent of its vehicles.

Today, the company revealed that it will increase its electric vehicle production capabilities by opening 16 new factories across the world by 2022. The manufacturer who was rocked by "diesel gate" over two years ago, said it will produce battery-powered vehicles at 16 global locations, by 2022.

The German automaker said that "a supplier decision for North America will be taken shortly".

"This is how we intend to offer the largest fleet of electric vehicles in the world, across all brands and regions, in just a few years", Müller insisted.

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At that point, no one knew if Butler would remain a flash-in-the-pan Super Bowl hero or make something of himself. The 28-year-old defensive back should have no problem taking over as the Titans' new number-one corner.

Experts see VW's repeated emphasis on this front as a means of getting rid of the stigma of "dieselgate" of 2015 that has continually haunted the firm.

In 2015, Volkswagen was caught rigging cars to cheat on USA diesel emissions tests and paid more than 20 billion euros in fines and legal settlements.

Sources at VW said Mueller's salary package exceeded the 10 million limit because of perks and retirement provisions that are usually included under HGB rules.

As part of Volkswagen's 20 billion-euro push into electric cars, it's setting up a standalone sub-brand for battery-powered vehicles. VW had to subsequently spend Dollars 29.7 billion to fix consumer-owned vehicles, plus pay a USD 2.8 billion fine to settle U.S. criminal charges. The company, which has struggled to secure sources of cobalt, a critical component for modern batteries, said that it's working on ways to reduce the amount of the element needed for its electric cars.

The Volkswagen Group says that it has the financial resources for the transformation. The company reiterated a target to lower that ratio to 6 percent by 2020.

The group's net liquidity at the end of 2017 remained at EUR 22.4 billion even as overall operating profit was reduced by special items from the diesel issue of EUR 3.2 billion in 2017 compared with EUR 6.4 billion in the previous year.

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To give an idea of Huawei's rising clout, the tech company past year posted sales of 600 billion yuan ($95 billion). No takeover discussions had been initiated and this is not one of the most likely outcomes, said the same sources.

And now, with their golden tickets in hand, both Turner and Lorenzo are headed to Hollywood! "Who's Loving You" by the Jackson 5. Koby already had been cast on the Broadway stage and thought she was a shoo-in for this competition.

Former Penn State wide receiver Allen Robinson will be suiting up with a new National Football League team next season. Robinson, who the Jaguars drafted in 2014, has 202 catches for 2,848 yards and 22 touchdowns in 43 games.

The specifics of updates to either platform aren't known at the moment, but we'll find out more when Apple tells all this May. While iPhone and Mac may be the most focused-on platforms, that's not to say WWDC will concern itself exclusively with them.

Claire Foy , who played the monarch in the first two seasons of The Crown , was not paid equally to her co-star Matt Smith . The Crown is one of the most expensive television shows ever produced, costing a reported $130 million for the first season.

PML-N leader and Railway Minister Khwaja Saad Rafique said those afraid of popularity of PML-N are behind such incidents. The post of party president was left vacant last month after Nawaz was removed from the position by the apex court.

The Eagles were widely expected to lose Burton, who racked up 23 catches for 248 yards and five touchdowns in the regular season. The Bears will sign the former Philadelphia Eagle to a four-year, $32 million deal once the league year officially opens.

He was like, 'You know what I'm gonna trade you a record deal if you get down on Mary J.'s ["You Don't Have To Worry (Remix)"]. The rapper died on Monday, March 12 of heart failure at a hospital near his home in SC , reported the New York Daily News .

There's a good chance the always-aggressive Elway wants to take another swing at the quarterback position in this year's draft . Keenum played in two fewer games than Cousins a year ago and finished just 546 yards behind the former Washington quarterback.

We are not so far to the end of the season so, any injuries, you lose them for the rest of the season". Sunday's match also saw another landmark for Cech as he saved his first penalty in an Arsenal shirt.

At 0640 GMT, May WTI crude oil is trading $61.86, down $0.06 or -0.10% and June Brent crude oil is at $65.35, up $0.08 or +0.12%. Crude prices rose on Friday after the US economy added the biggest number of jobs in more than 1-1/2 years in February.

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